According to Verified Market Intelligence, the global cloud storage market was valued at USD 22.56 billion in 2016 and is projected to reach USD 191.17 billion by 2025, growing at a CAGR of 26.8% from 2017 to 2025.

Cloud computing services are a set of advanced solutions which enables users to access the data remotely and helps in creating a backup. Backup created through cloud services is known as cloud storage. Cloud storage has helped various industries to store data and confidential documents in a common server and can be accessed by the employees at any time and place. This has enhanced the global cloud storage market growth.